{IIRC Walmart tried to do this several years ago but was blocked by the banks.}
Walmart teases plans to become America’s biggest BANK:
Retail giant will trial checking accounts for staff and some online customers, and could end up rolling it out to its 150m weekly customers
The superstore will be offering checking accounts to several thousand of its employees in the coming weeks as a part of a beta test
Walmart hopes to roll out banking options to its 1.6million employees within a year
Once the services have been made available to employees, Walmart would extend them to its customer base of at least 150million weekly shoppers
Loans and investments could also be a part of the financial services offered
…
https://www.dailymail.co.uk/news/article-11212725/Walmart-te…